As a result it has set some of that aside to bolster its capital buffers, which should help protect it against any future downturn as well as matching any regulatory demands if officials decide to tell banks to set more funds aside.
Once its core capital buffer reaches 12pc from 11.5pc currently it has to decide how to use its excess capital.
"The board is now in position this year to have the conversation on paying dividends," said chief executive Phillip Monks.
"We'll also look at kate spade purse look alike the kate spade wallet clearance opportunities we've got for growth, whether that is continuing the organic growth or some inorganic opportunities.

We'll be on our toes because there may be opportunities in the marketplace."
As well as acquisitions, kate spade latest design he is also eyeing Royal Bank of Scotland's plan to set up a fund to help smaller banks lend more to businesses.
"They announced this 750m fund available, which challenger banks can use to grow or deliver further services to SMEs, so I think that is quite exciting and we are contemplating ways in which we can apply to that fund as and when more details come to the market," said Mr Monks.

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